FG Approves N17bn for Petroleum Products Tracking Technology The Federal Executive Council (FEC) has approved N17 billion for installation of technology for tracking and monitoring petroleum products under the Petroleum Equalization Fund (PEF) and revised contract for the construction of headquarters for Nigerian Content Development...

$2b Katsina Refinery Set for Completion 2021 The Minister of State for Petroleum Resources, Dr Ibe Kachikwu said the approved $2bn private sector driven refinery in Mashi, Katsina State will be completed in 2021. Kachikwu, who made this known to State House correspondents in Abuja on...

Senate Kicks As Adeosun, Others Shun PIB Hearing   The Minister of Finance, Kemi Adeosun; Minister of State for Petroleum Resources, Ibe Kachikwu; and Governor of the Central Bank of Nigeria, Godwin Emefiele, were among the top Federal Government officials absent from the public hearing held...

N36bn Royalty to Alesa-Eleme Community A hoax- NNPC The Management of the Nigerian National Petroleum Corporation (NNPC) has dismissed insinuation of an approved N36 billion compensation said to be due to Alesa-Eleme community in Rivers State as royalty for playing host to the Port Harcourt...

As the Senate postponed the commencement of its planned investigation into the alleged award of $25 billion worth of contracts in the Nigerian National Petroleum Corporation (NNPC), there are indications that the Presidency has initiated moves to avert serious probe into the allegations. Following the...

Due Process: Between Security Votes and Oil Contracts By Yushau A. Shuaib Successive administrations in Nigeria, including the current one claim to promote transparency and accountability by following due process in financial dealings and public procurements. Nevertheless, governments at all levels avoid strict compliance with standard...